The marine actuators and valves market size has grown steadily in recent years. It will grow from $3.65 billion in 2024 to $3.83 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to upgradation of existing fleet, shipbuilding boom, focus on fuel efficiency, expansion of cruise industry, globalization of trade, rising investment in naval forces.
The marine actuators and valves market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to rising focus on environmental compliance, growth in offshore wind energy, development of autonomous ships, focus on cybersecurity in maritime systems, adoption of additive manufacturing. Major trends in the forecast period include automation and smart technologies, fuel efficiency and emission reduction, LNG-powered vessels, digital twins and simulation technologies, material innovation and corrosion resistance.
The anticipated rise in global seaborne trade is expected to drive the growth of the marine actuators and valves market in the coming years. Seaborne trade involves the transportation of goods by sea between various countries or regions and is measured by the quantity of goods dispatched and loaded. Marine actuators and valves are essential for the safe and efficient operation of ships, as they regulate the pressure flow of fluids across different systems onboard and convert energy into control motion to stop or hold objects on the ship. For example, in July 2024, Eurostat, the Luxembourg-based government agency, reported that the gross weight of seaborne goods in the European Union reached 893.97 million tonnes in Q2 2022, up from 851.28 million tonnes in Q2 2021. Therefore, the growth in global seaborne trade is contributing to the expansion of the marine actuators and valves market.
The expanding automotive industry is also expected to contribute significantly to the growth of the marine actuators and valves market. The automotive sector, encompassing various companies engaged in the design, manufacturing, marketing, and modification of motor vehicles, utilizes marine actuators and valves for applications such as exhaust gas recirculation (EGR) systems and cooling systems. The robustness and corrosion resistance of these components ensure efficient operation in harsh environments, extending the lifespan of vehicle components. According to MarkLines Co. Ltd. in January 2023, there were 1.287 billion units of light vehicles sold in the US in 2022, marking a 5.4% increase from the same period in 2021. Truck and SUV sales increased by 5.3% to 1.02 billion units, while passenger car sales rose by 5.7% to 0.266 billion units. Thus, the expanding automotive industry is a key driver propelling the growth of the marine actuators and valves market.
The integration of emerging technologies is a prominent trend gaining momentum in the marine actuators and valves market, with companies adopting new technologies to maintain their market standing. For instance, in June 2022, W&O Supply, a US-based maritime fittings provider, introduced a digital marine valve management service integrated with radio frequency identification technology (RFID). This technology enables operators to access information about various valves on their boards, minimizing delays in operations.
Major companies in the marine actuators and valves market are concentrating on next-generation analytic solutions to enhance predictive maintenance and boost operational efficiency in maritime applications. These solutions incorporate advanced data analytics to optimize performance within maritime systems. For example, in January 2022, Rotork PLC, a UK-based manufacturer of electric, pneumatic, and hydraulic valve actuators, launched the IQ3 SET actuator. This actuator is designed to support legacy equipment while enabling a smooth transition to modern actuation technology. Part of Rotork's Lifetime Management service, the IQ3 SET addresses the challenges posed by aging infrastructure in industrial plants. It provides backward compatibility, cost savings, and reduced downtime during upgrades, offering industries an efficient means to modernize operations while effectively managing legacy systems.
In June 2024, MiddleGround Capital, a U.S.-based private equity firm, acquired GMS Instruments for an undisclosed sum. This acquisition enhances MiddleGround's strategic position in the maritime industry. By combining GMS Instruments' expertise with that of W&O Supply, MiddleGround aims to provide greater value to its global customer base. GMS Instruments is a Netherlands-based company that specializes in offering a wide range of measurement, regulation, and control instruments, primarily serving the maritime, offshore, and industrial sectors.
Major companies operating in the marine actuators and valves market include Honeywell International Inc., Rotork plc, Emerson Electric Co., Curtiss-Wright Corporation, Flowserve Corporation, KITZ Corporation, Watts Water Technologies Inc., Bürkert Fluid Control Systems, Schlumberger Limited, AVK Holding A/S, IMI plc, Rockwell Automation, Wärtsilä Oyj Abp, Bray International Inc., AUMA Industry & Marine GmbH, Moog Inc., KSB SE & Co. KGaA, Bosch Rexroth AG, Danfoss A/S, Parker Hannifin Corporation, Alfa Laval AB, Weir Group plc, Eaton Corporation plc, Spirax-Sarco Engineering plc, Velan Inc., Hitachi Ltd., CIRCOR International Inc., Samson AG, ITT Inc.
Asia-Pacific was the largest region in the marine actuators and valves market in 2024. The regions covered in the marine actuators and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine actuators and valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine actuators serve as devices that convert energy into motion, functioning as a crucial control element within ship systems. Concurrently, marine valves play an indispensable role in the marine industry by regulating the flow of liquids and gases on ships and offshore structures. Both of these components contribute to motion generation by transforming energy and signals within the system.
The primary products within the category of marine actuators and valves include various types of valves, such as quarter-turn and multi-turn valves, and actuators, including linear and rotary actuators. Valves, as controlling devices, facilitate the regulation of diverse fluids such as liquids and slurries in pipes or other equipment, finding application in nearly all machinery on ships for fluid control. These valves are constructed from materials such as stainless steel, aluminum, alloys, and others, and operate through pneumatic, hydraulic, electric, hybrid, mechanical, and manual mechanisms. They are employed for defense and commercial applications, catering to end-users that include original equipment manufacturers (OEMs) and the aftermarket.
The marine actuators and valves market research report is one of a series of new reports that provides marine actuators and valves market statistics, including the marine actuators and valves industry's global market size, regional shares, competitors with a marine actuators and valves market share, detailed marine actuators and valves market segments, market trends, and opportunities, and any further data you may need to thrive in the marine actuators and valves industry. This marine actuators and valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine actuators and valves market consists of sales of lead screw actuators, butterfly valves, and gate valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The marine actuators and valves market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to rising focus on environmental compliance, growth in offshore wind energy, development of autonomous ships, focus on cybersecurity in maritime systems, adoption of additive manufacturing. Major trends in the forecast period include automation and smart technologies, fuel efficiency and emission reduction, LNG-powered vessels, digital twins and simulation technologies, material innovation and corrosion resistance.
The anticipated rise in global seaborne trade is expected to drive the growth of the marine actuators and valves market in the coming years. Seaborne trade involves the transportation of goods by sea between various countries or regions and is measured by the quantity of goods dispatched and loaded. Marine actuators and valves are essential for the safe and efficient operation of ships, as they regulate the pressure flow of fluids across different systems onboard and convert energy into control motion to stop or hold objects on the ship. For example, in July 2024, Eurostat, the Luxembourg-based government agency, reported that the gross weight of seaborne goods in the European Union reached 893.97 million tonnes in Q2 2022, up from 851.28 million tonnes in Q2 2021. Therefore, the growth in global seaborne trade is contributing to the expansion of the marine actuators and valves market.
The expanding automotive industry is also expected to contribute significantly to the growth of the marine actuators and valves market. The automotive sector, encompassing various companies engaged in the design, manufacturing, marketing, and modification of motor vehicles, utilizes marine actuators and valves for applications such as exhaust gas recirculation (EGR) systems and cooling systems. The robustness and corrosion resistance of these components ensure efficient operation in harsh environments, extending the lifespan of vehicle components. According to MarkLines Co. Ltd. in January 2023, there were 1.287 billion units of light vehicles sold in the US in 2022, marking a 5.4% increase from the same period in 2021. Truck and SUV sales increased by 5.3% to 1.02 billion units, while passenger car sales rose by 5.7% to 0.266 billion units. Thus, the expanding automotive industry is a key driver propelling the growth of the marine actuators and valves market.
The integration of emerging technologies is a prominent trend gaining momentum in the marine actuators and valves market, with companies adopting new technologies to maintain their market standing. For instance, in June 2022, W&O Supply, a US-based maritime fittings provider, introduced a digital marine valve management service integrated with radio frequency identification technology (RFID). This technology enables operators to access information about various valves on their boards, minimizing delays in operations.
Major companies in the marine actuators and valves market are concentrating on next-generation analytic solutions to enhance predictive maintenance and boost operational efficiency in maritime applications. These solutions incorporate advanced data analytics to optimize performance within maritime systems. For example, in January 2022, Rotork PLC, a UK-based manufacturer of electric, pneumatic, and hydraulic valve actuators, launched the IQ3 SET actuator. This actuator is designed to support legacy equipment while enabling a smooth transition to modern actuation technology. Part of Rotork's Lifetime Management service, the IQ3 SET addresses the challenges posed by aging infrastructure in industrial plants. It provides backward compatibility, cost savings, and reduced downtime during upgrades, offering industries an efficient means to modernize operations while effectively managing legacy systems.
In June 2024, MiddleGround Capital, a U.S.-based private equity firm, acquired GMS Instruments for an undisclosed sum. This acquisition enhances MiddleGround's strategic position in the maritime industry. By combining GMS Instruments' expertise with that of W&O Supply, MiddleGround aims to provide greater value to its global customer base. GMS Instruments is a Netherlands-based company that specializes in offering a wide range of measurement, regulation, and control instruments, primarily serving the maritime, offshore, and industrial sectors.
Major companies operating in the marine actuators and valves market include Honeywell International Inc., Rotork plc, Emerson Electric Co., Curtiss-Wright Corporation, Flowserve Corporation, KITZ Corporation, Watts Water Technologies Inc., Bürkert Fluid Control Systems, Schlumberger Limited, AVK Holding A/S, IMI plc, Rockwell Automation, Wärtsilä Oyj Abp, Bray International Inc., AUMA Industry & Marine GmbH, Moog Inc., KSB SE & Co. KGaA, Bosch Rexroth AG, Danfoss A/S, Parker Hannifin Corporation, Alfa Laval AB, Weir Group plc, Eaton Corporation plc, Spirax-Sarco Engineering plc, Velan Inc., Hitachi Ltd., CIRCOR International Inc., Samson AG, ITT Inc.
Asia-Pacific was the largest region in the marine actuators and valves market in 2024. The regions covered in the marine actuators and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the marine actuators and valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Marine actuators serve as devices that convert energy into motion, functioning as a crucial control element within ship systems. Concurrently, marine valves play an indispensable role in the marine industry by regulating the flow of liquids and gases on ships and offshore structures. Both of these components contribute to motion generation by transforming energy and signals within the system.
The primary products within the category of marine actuators and valves include various types of valves, such as quarter-turn and multi-turn valves, and actuators, including linear and rotary actuators. Valves, as controlling devices, facilitate the regulation of diverse fluids such as liquids and slurries in pipes or other equipment, finding application in nearly all machinery on ships for fluid control. These valves are constructed from materials such as stainless steel, aluminum, alloys, and others, and operate through pneumatic, hydraulic, electric, hybrid, mechanical, and manual mechanisms. They are employed for defense and commercial applications, catering to end-users that include original equipment manufacturers (OEMs) and the aftermarket.
The marine actuators and valves market research report is one of a series of new reports that provides marine actuators and valves market statistics, including the marine actuators and valves industry's global market size, regional shares, competitors with a marine actuators and valves market share, detailed marine actuators and valves market segments, market trends, and opportunities, and any further data you may need to thrive in the marine actuators and valves industry. This marine actuators and valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The marine actuators and valves market consists of sales of lead screw actuators, butterfly valves, and gate valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Marine Actuators and Valves Market Characteristics3. Marine Actuators and Valves Market Trends and Strategies4. Marine Actuators and Valves Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Marine Actuators and Valves Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Marine Actuators and Valves Market34. Recent Developments in the Marine Actuators and Valves Market
5. Global Marine Actuators and Valves Growth Analysis and Strategic Analysis Framework
6. Marine Actuators and Valves Market Segmentation
7. Marine Actuators and Valves Market Regional and Country Analysis
8. Asia-Pacific Marine Actuators and Valves Market
9. China Marine Actuators and Valves Market
10. India Marine Actuators and Valves Market
11. Japan Marine Actuators and Valves Market
12. Australia Marine Actuators and Valves Market
13. Indonesia Marine Actuators and Valves Market
14. South Korea Marine Actuators and Valves Market
15. Western Europe Marine Actuators and Valves Market
16. UK Marine Actuators and Valves Market
17. Germany Marine Actuators and Valves Market
18. France Marine Actuators and Valves Market
19. Italy Marine Actuators and Valves Market
20. Spain Marine Actuators and Valves Market
21. Eastern Europe Marine Actuators and Valves Market
22. Russia Marine Actuators and Valves Market
23. North America Marine Actuators and Valves Market
24. USA Marine Actuators and Valves Market
25. Canada Marine Actuators and Valves Market
26. South America Marine Actuators and Valves Market
27. Brazil Marine Actuators and Valves Market
28. Middle East Marine Actuators and Valves Market
29. Africa Marine Actuators and Valves Market
30. Marine Actuators and Valves Market Competitive Landscape and Company Profiles
31. Marine Actuators and Valves Market Other Major and Innovative Companies
35. Marine Actuators and Valves Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Marine Actuators and Valves Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on marine actuators and valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for marine actuators and valves? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The marine actuators and valves market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Valves; Actuators2) By Material: Stainless Steel; Aluminum; Alloy-Based; Other Materials
3) By Mechanism: Pneumatic; Hydraulic; Electric; Hybrid; Mechanical; Manual
4) By Application: Defense; Commercial
5) By End User: Original Equipment Manufacturer (OEM); Aftermarket
Subsegments:
1) By Valves: Ball Valves; Gate Valves; Globe Valves; Butterfly Valves; Check Valves2) By Actuators: Electric Actuators; Hydraulic Actuators; Pneumatic Actuators; Manual Actuators
Key Companies Mentioned: Honeywell International Inc.; Rotork plc; Emerson Electric Co.; Curtiss-Wright Corporation; Flowserve Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Honeywell International Inc.
- Rotork plc
- Emerson Electric Co.
- Curtiss-Wright Corporation
- Flowserve Corporation
- KITZ Corporation
- Watts Water Technologies Inc.
- Bürkert Fluid Control Systems
- Schlumberger Limited
- AVK Holding A/S
- IMI plc
- Rockwell Automation
- Wärtsilä Oyj Abp
- Bray International Inc.
- AUMA Industry & Marine GmbH
- Moog Inc.
- KSB SE & Co. KGaA
- Bosch Rexroth AG
- Danfoss A/S
- Parker Hannifin Corporation
- Alfa Laval AB
- Weir Group plc
- Eaton Corporation plc
- Spirax-Sarco Engineering plc
- Velan Inc.
- Hitachi Ltd.
- CIRCOR International Inc.
- Samson AG
- ITT Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 3.83 Billion |
| Forecasted Market Value ( USD | $ 4.68 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
